Kevin Hayden – TruthisTreason.net

Source: CivSource

Utah is now accepting gold and silver as legal tender for transactions and to settle debts according to a bill recently signed into law by Governor Gary R. Herbert. Several other states have proposed similar measures in the wake of the monetary policies of the Federal Reserve and the decreasing value of paper money.

Utah’s law is notable because it is the first such bill to pass. Over 150 years ago, Congress passed the Legal Tender Act, which authorized the use of paper notes to pay bills, and while paper money still retains the value noted, interest rates governing bonds and other savings or investment vehicles are at historic lows and are expected to remain at those lows through at least 2014.

Gold and silver bullion however, are at historically high values and observers expect those values to remain high for some time. House Bill 157 will allow for gold and silver bullion to be used for transactions based on the weight of the amount of metal presented. That is a key distinction because it expands out the use of gold and silver beyond face value on limited runs of precious metal coins offered through the US Treasury....

Kevin Hayden – TruthisTreason.net

Source: Casey Research by Louis James

Economic crises signal that the current system isn’t working as expected and needs improvement. When it comes to monetary systems, questioning their fundamentals can lead to doubts about whether the preferred medium of exchange will continue to be preferred for long. The large-scale whirlwind of economic trouble around the globe has pushed some to rethink the role of gold in the economy – and to actually move toward bringing it back.

A month ago, a rumor that India is going to pay in gold for oil imported from sanction-struck Iran sent shockwaves through the markets. It was no small deal, both in principle and volume: India is one of Iran’s largest oil buyers, responsible for about 22 percent of total exports and worth about US$12 billion per year. China is next with 13 percent, and Japan is third with about ten. All of them are having a hard time dealing with Iranian oil imports, as the country is under sanctions caused by Western fears regarding its nuclear program.

Then an Israeli news site claimed exclusive knowledge of a possible workaround between India and Iran: settling the purchases in gold....

Kevin Hayden – TruthisTreason.net

Source: in part, Steve Watson

Texas Congressman and Presidential Candidate Ron Paul questioned Ben Bernanke, the Chairman of the Federal Reserve, on Capitol Hill yesterday.

Dr. Paul pulled out a silver eagle, explaining that it has retained its real worth and that hard assets should be used as currency as outlined in the Constitution.

Telling Bernanke that in 2006, when he took over at the Fed, an ounce of silver bought about 4 gallons of gas, where as today it will buy 11 gallons. “That’s preservation of value,” said Paul.

Begin watching at the 0:58 mark for the action.

Paul called for a competing currency to the dollar, stating that the laws should be changed to allow precious metals to settle contract disputes and other legal obligations.

Bernanke addressed Paul by jokingly saying “good to see you again, Congressman”, before somewhat derisively saying he would be happy to consider the Congressman’s ideas and help him work out what currencies to hold.

Paul hit back by saying the government goes after those who attempt to use gold and silver as alternatives to depreciating Federal Reserve notes as if they are criminals, telling Bernanke “the record of what you’ve done is destroy the currency,”...

Kevin Hayden - TruthisTreason.net

Originally posted Sept 26, 2010

Every so often, I get an email asking where I would invest my money or why I talk so much about putting my money into tangible goods rather than the stock market or traditional CDs.  From my standpoint, tangibles endure the test of time far better than a fiat paper currency such as the US Dollar.  A fiat currency has value only because of government fiat – or declaration.   And since it is tied to the whims of governing politicians and bankers, it risks inflation, meaning that you will need to shell out more and more dollar bills for the same old product year after year.  Look at the price of gasoline for an example.  Prices inflate because the dollar is losing it’s fiat value – the Federal Reserve is stretching it too thin.

So what are tangibles, you ask?  Well, that’s a broad term used to describe many things that are physical.  Something you can either hold in your hand or touch and is worth something.  Your car is a ‘tangible good’ to an extent, although it has an accelerated depreciation tied to it as soon as you buy it.  It will never be worth as much as it was on the car lot....

Kevin Hayden – TruthisTreason.net

Source: Vigilant Citizen - Originally posted Dec 17, 2010

G.I. Joe is an iconic cartoon TV show that marked an entire generation of young boys during the 80s. Most fans still recall the main characters and the epic gun fights. But what about the storyline? A look at the TV series in today’s context is quite a strange experience: Many of Cobra’s “far-out” plots are actually happening today. Could G.I. Joe be a case of predictive programming? We will look at some G.I. Joe episodes describing the replacement of the US dollar and the usage of mind control on celebrities and civilians and see how they relate in today’s context.

As a guy who grew up in the 80s, I can personally attest that G.I. Joe was definitely on the menu in my after-school TV cartoon line-up. If you’re a younger reader, let me tell you this (at the risk of sounding like a grumpy uncle): G.I. Joe wasn’t your wimpy Dora the Explorer cartoon. It was a half-hour full of bad-ass characters face-kicking and laser-gun-shooting their way to victory....

Kevin Hayden – TruthisTreason.net

Source: YouTube & SHTF Plan

Kevin Hayden – TruthisTreason.net

Source: Activist Post

It seems that the scandalous financial world has claimed another high-profile casualty: the London Gold Exchange.  An announcement was made on their website claiming, “Due to operational difficulties the London Gold Exchange is permanently closed for business.”

Founded in 2002, their official business was trading digital currencies like c-gold, Liberty Reserve, Pecunix and v-money.

No further explanation was given for the “operational difficulties,” nor has there been any indication as to if and how their 100,000 members will be affected.

Hayden’s Note:

First off, don’t assume that this was some massive company or stock exchange-like corporation.  They chose a fancy, official sounding company name (remind you of the Federal Reserve?) but were in reality, a small company that was not an exchange nor did they trade gold – they “traded” digital currencies that other corporations created.  If you understand the derivatives and fiat money ponzi scheme, this company would simply be another tier of the pyramid.  They made profit from the trading of (make-believe) digital currencies based upon the fiat Dollar price of gold which is manipulated by other, larger banks and exchanges....

Kevin Hayden – TruthisTreason.net

Source: SHTF Plan – by Mac Slavo

A couple of weeks ago our report that some Austrian banks had begun restricting the sale of gold and silver to 15,000 Euro (~$20,000 USD) reportedly because of money laundering issues was met with disbelief by many readers of financial news and information web sites. As we mentioned in that commentary, it is our view that governments, namely in Western nations, are making it more difficult for individuals to make gold purchases, as well as to do so anonymously.

It looks like this trend of restricting the peoples’ ability to acquire assets of real monetary value is expanding. If a recent report from France is accurate, and based on the French governments official web site it looks like it is, then as of September 1, 2011, anyone attempting to sell or purchase ferrous or non-ferrous metals, which includes gold and silver, will be required to pay for their purchase via a credit card or bank wire transfer if it exceeds 450€ (~ $600 USD):

Here is the applicable French law via www.legifrance.gouv.fr and translated into English by Google Translate:

Article L112-6
Amended by Law n ° 2011-900 of July 29, 2011 – art.

...

Kevin Hayden – TruthisTreason.net

I was speaking to several close friends about two weeks ago regarding our current economic situation.  They had asked my opinion on what the short-term forecast would be and I laid out the fact that gold would be going back down to $1,730-1,750 per ounce on Dollar vs. Euro fears, Federal Reserve actions and the Euro debt debacle (gold is currently sitting at $1,727).  I recommended that they use that oppurtunity to purchase more precious metals, including silver bullion.  Even with shipping, delivery or dealer fees, they could easily profit from the purchase within a very short time (mid-October?).

This dip in metals’ price is (in my opinion) mostly attributed to yesterday’s announcement by the Federal Reserve of ”Operation Twist” (not totally unlike quantitative easing).  The Federal Reserve plans to flatten the yield curve of the US Treasuries by selling short-term bonds in order to buy long-term bonds.  Coupled with Euro fears, Greek bailouts and more, the stock markets plunged while the Dollar rallied strongly against the Euro.  Currently, the Euro markets are being slaughtered.  The “part-time” gold-buyers jumped ship and fled to the Dollar in order to make a profit and falsely consider themselves hedged against trouble.  This is what I call a False Dollar Rally… similar to the Sucker Rally that occurs almost weekly in the stock market....

Kevin Hayden – TruthisTreason.net

Source: Zero Hedge

When it comes to gold, one can now officially skip the foreplay.

Gold has proceeded to rise to within nickels of the all time high, with spot trading over $1910 at last check.  Since Europe is about to open shortly, and since the free fall in risk will resume now that virtually every rhetorical gimmick has been used and abused ad inf, it appears that absent the CME doing away with margin requirements altogether, we will see $2,000 spot within hours.

...

Kevin Hayden – TruthisTreason.net

Source: SHTF Plan, Editorial rant by Kevin Hayden

You may remember Bernard von NotHaus, purveyor of the gold, silver and copper-backed “Liberty Dollar,” who was convicted of making, possessing, and selling his own coins, as well as conspiracy against the United States. The lead attorney on the case made it a point to refer to Mr. NotHaus’ dealing as a special form of domestic terrorism.

Since the coins NotHaus was selling have been deemed to violate Federal counterfeiting statutes, they are now considered contraband by the US Attorney and Secret Service.  

The coins are illegal even if they are not used for barter, the feds insist.  The Secret Service stated that the Liberty Dollar medallions are confiscable as contraband if they are being exhibited for educational purposes or held privately.

Hayden’s Note:

The Liberty Dollar was deemed a counterfeit due to having a few similarities to US coinage, such as …being round.  And made of metal. Also, the prosecutor contended that people might mistake the heavy, 1-oz. coins of pure silver for a half-dollar or perhaps a quarter due to the words ‘Liberty’ across the front and the face of our Lady Liberty.  But the back clearly displayed a website URL, a 1-800 number and many other items, including a face value of $20 or $50.  I’m not sure about you, but I doubt anyone could mistake it for any US coin due to the sheer size, weight and mirror polish.  Several denominations were issued, but again, none the same size as US coinage and all offering the same website URL, phone number and other obvious characteristics of a privately minted coin, like the thousands of others on the market. 

Furthermore, it’s interesting to note that the Liberty Dollar had produced approximately 60,000 Ron Paul Dollars, all seized, which prominently displayed the Presidential candidate’s face, coined in silver, gold and copper....

Kevin Hayden - TruthisTreason.net

Originally written Oct 18, 2010 @ 06:40

We have all watched in predicted horror as the financial infrastructure of America has been disassembled in a predetermined fashion by the likes of Goldman Sachs, the Federal Reserve and other Globalists.  There are a variety of reasons why this is happening, none of which we have the power to change or alter in time to save us.  Therefore, I will focus on what is to come and how we might handle it in order to survive it.

With the Federal Reserve actually suggesting that inflation might be the cure to the weak economy, massive unemployment numbers and a crashing dollar, one has to stop and ponder.  The chairman of the Fed, Ben Bernanke, was a child prodigy, scored a near perfect SAT score, focused his studies around the Great Depression and is a statistical genius.  So why is he so willing to abuse the Dollar and essentially sign the death warrant for America?

For several years, many prominent people have been predicting this exact scenario.  Gerald Celente, Ron Paul, Peter Schiff and others including the Web Bots Project, have detailed how this orchestrated financial implosion will occur.  Many of these “predictions” or trends analysis are from late 2009 or early 2010.  Most, if not all, are eerily starting to come true....

Kevin Hayden – TruthisTreason.net

If you think that you’ll be able to simply drive to Wal-Mart or the grocery store and load up on food, water and supplies during an actual emergency, you are living in a fantasy world.  We now experience freak weather on a regular basis.  Oklahoma has experienced a record-breaking 53 days of 100+ temperatures, a massive hurricane is nearing Washington, DC and the New York City area, and NASA continues to amplify their warnings regarding solar storms disrupting our way of life.

What if gasoline hit $5 a gallon and unemployment was still hanging around the current ~15%?  What if there were a few small protests that turned a bit violent – not even on the scale of what we see in Europe – but a few townhall meetings that get out of hand?  The level of comfort in this country is quickly sliding downhill and it will only take a few provocations, a few simple emergencies and all hell will break loose.  When it does, I hope that you have taken the time to at least have a 30 or 60-day food supply, some water and basic neccessities (if not a full-blown food storage plan and the related tools, accessories and means to provide power, warmth and protection)....

Kevin Hayden – TruthisTreason.net

Many times, I’ve stressed the importance of getting into tangibles in order to preserve your wealth, if not increase it.  And several times, I’m been met with reader emails regarding their bullish confidence in the ponzi scheme stock market, paper investments or that I’m simply paranoid. 

Last year, I wrote several articles on what sort of tangibles to invest in, with the top items being precious metals, firearms and farmable land, along with the tools and implements to pioneer it.  It may sound a bit old fashioned or silly to some, but I tend to take notice when some of the top fund managers and investors are doing the same thing.  Since that time, the alternative and mainstream media have started to suggest getting into tangibles, as well.

And today, I had quite an interesting conversation with a large investor who will obviously remain nameless.  Aside from running this website, I work full-time for a medium-sized oil and gas firm that is quickly growing (without the use of fracking, I might add).  I have the occasion to speak with people ranging from market analysts to investors from Goldman Sachs and UBS, Credit Suisse and JP Morgan, all the way down to geologists, landmen and engineers.  My personal opinion hatred of bankers aside, I glean information where I can find it.  And today was a confirmation from this particular person....

Kevin Hayden – TruthisTreason.net

Source: Silver Doctors

We just reported that Hugo Chavez has nationalized the entire Venezuelan gold industry this afternoon.

Well, Hugo didn’t stop there, as latest headlines flashing indicate that Chavez has requested that the Bank of England return 99 Tons of Venezuelan gold held on deposit, and a total of 211 Tons of gold held abroad (WSJ).

For those with any knowledge of the cartel, you know where this is heading.

For those who don’t….the Bank of England currently stores 211 tons of Venezuela’s gold in the vaults of (per Bloomberg) JP Morgan, Barclays, and the Bank of Nova Scotia.

A last check of physical gold inventory in The Morgue’s vault showed a whopping 338,303 total ounces of gold…roughly 10.6 tons.

In an absolute shocker to all who follow gold and silver here, are we about to see the COMEX Gold market busted/default before COMEX Silver?

Look for gold to vault past $1800 in the access/Asian markets tonight when this news spreads. (It did)

If Chavez carries through with this ultimatum, look for Venezuela to receive the Gaddafi/Libyan treatment within the week....

TruthisTreason.net – Kevin Hayden

Source: Forbes via Cryptogon.com

Now, in Switzerland, efforts are underway to create an official Gold Swiss franc (GSF) with a set of coins, each with a fixed content of gold. The proposed constitutional change would permit private institutions to issue an unlimited number of coins whose appearance, content and weight of gold, and definition would be under the supervision of the Swiss government.

Hayden’s Note:

Brilliant.  As stated over at Cryptogon, I’m not real savvy on the idea of allowing credit to be issued, but overall, I think this would be a great move for everyone. 

For example, the smallest coin would have a face value of 1 GSF and have 0.1 grams of gold in its center, similar to today’s bi-metallic euro coins, and be worth—at today’s price of gold, about $4.00.

Five, 10, 20 and 50 GSF coins would have 0.5, 1.0, 2.0 and 5.0 grams of gold and today would be worth approximately $20, $40, $80 and $200 respectively. Gold Swiss franc bank notes are conceivable, as are GSF bank deposits, but they would have to be 100% backed by gold held by the issuing institution....

TruthisTreason.net – Kevin Hayden

Source: Casey Research & Big Gold - by Jeff Clark

In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse. From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero.

History has a message for us: No fiat currency has lasted forever. Eventually, they all fail.

BMG BullionBars recently published a poster featuring pictures of numerous currencies that have gone bust. Some got there quickly, while others took a century or more. Regardless of how long it took, though, the seductive temptations allowed under a fiat monetary system eventually caught up with these governments, and their currencies went poof!

You might suspect this happened only to third world countries. You’d be wrong. There was no discrimination as to the size or perceived stability of a nation’s economy; if the leaders abused their currency, the country paid the price.

As you scroll through the currencies below, you’ll see some long-ago casualties....

TruthisTreason.net – Kevin Hayden

Source: Bloomberg

Gold advanced to records in London and New York as concern about more U.S. economic stimulus and debt woes in the country and Europe boosted demand for the metal as a protection of wealth.

The dollar fell against six major currencies after Federal Reserve Chairman Ben S. Bernanke said the central bank is prepared to take additional action, including buying more government bonds (from Goldman Sachs at a higher price than if buying from the Treasury Dept!), to boost the economy. Moody’s Investors Service said the U.S. may lose the Aaa credit rating it’s held since 1917, while Fitch Ratings slashed Greece’s rating and said that a default is a “real possibility.”

Hayden’s Note:

The Dollar ALWAYS seems to fall after Bernanke opens his mouth.  But in regards to this “debt default” nonsense, I have to offer a few words.  The Treasury and White House Administration are trying to scare Americans into thinking this “default” would be bad for America, that SS checks won’t go out the day after and that Moody’s is going to downgrade our credit....

TruthisTreason.net – Kevin Hayden

Federal Reserve Chairman Ben Bernanke faced off with economic genius Representative Ron Paul during his monetary policy report to Congress on Wednesday.  The head of the Fed was forced to respond to accusations of enriching already rich corporations while failing to help Main Street, while he was pushed on his views on gold.

“Gold isn’t money,” Bernanke said.

-in part from Infowars.com

Hayden’s Note:

I beg to differ.  Gold has been a form of money – if not one of THE most popular forms – for thousands of years, along with livestock, other precious metals and durable goods.  Gold isn’t money?  Then what is money?

Princeton defines money as “the official currency issued by a government or national bank.”

However, Thomas Greco defined money as:

“Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and occasionally, a standard of deferred payment.”

The Google dictionary defines it as “The assets, property, and resources owned by someone or something; wealth” or “financial gain.”

Dictionary.com states the following in regards to “money” -

–noun

TruthisTreason.net – Kevin Hayden

Source: Peter Schiff via Lew Rockwell

Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, “that’ll be a tenth ounce silver.” As the US dollar’s decline accelerates, several efforts around the country are trying to make this vision a reality.

Historically, paying for items in silver or gold was actually quite common. We happen to live in an unusual time and place where generations have grown up trading exclusively in paper. While my parents still used dimes made of silver, we have now gone several decades with no precious metals in any of our official coinage. But this system of money by government fiat is unsustainable.

While the practice of bartering precious metals directly for goods and services has continued on a small-scale over the last few decades, the 2000s saw the beginning of organized efforts to revive gold and silver as money.

THE LIBERTY DOLLAR

One such effort was spearheaded by an eccentric mintmaster from Hawaii named Bernard Von Nothaus. He called his project the Liberty Dollar, and it centered on privately minted gold and silver rounds as well as deposit certificates for precious metals held in his firm’s vaults....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge by Chris Martenson

Eric Sprott – Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova

“I think that the prices will continue higher. I mean the amount of money printing is unbelievable. I just think you have to take that initial stand in terms of buying it. I use the James Turk analogy: just keep dollar averaging. We have gone up eleven years in a row, this year it looks like it will be no exception; I would certainly think next year will be no exception. If we ever have QE3 announced, I think gold and silver will just go absolutely bonkers here. And so I just think you have got to step in there and own it; we’ve had these fears all the way along. You know, $400, and $500 and $700 and $800 dollar gold, everyone was afraid it was a one-time thing. I don’t think it is a one-time thing, I think it is a secular thing. It’s going to carry on for quite a while here until we find some resolution of these problems....

TruthisTreason.net – Kevin Hayden

Source: Lew Rockwell & Survival Blog – by Chris Martenson

This report lays out an investment thesis for gold and one for silver.  Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it will perform well. My timing and logic for both entering and finally exiting gold (and silver) as investments are laid out in the full report.

The punch line is this: Gold and silver are not (yet) in bubble territory, and large gains remain, especially if monetary, fiscal, and fundamental supply-and-demand trends remain in play.

Introduction

In 2001, as the painful end of the long stock bull market finally seeped into my consciousness, I began to grow quite concerned about my traditional stock and bond holdings. Other than a house with 27 years left on a 30 year mortgage, these holdings represented 100% of my investing portfolio. So I dug into the economic data to see what I could discover. What I found shocked me. It’s all in the Crash Course in both video and book form, so I won’t go into that data here....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

One small step toward Executive Order 6102 part 2, and one giant leap for corruptcongressmankind.

From: FOREX.com <info@forex.com>
Date: Fri, Jun 17, 2011 at 6:11 PM
Subject: Important Account Notice Re: Metals Trading
To: xxx

Important Account Notice Re: Metals Trading

           
We wanted to make you aware of some upcoming changes to FOREX.com’s product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011.

In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET.

We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated.

...

TruthisTreason.net – Kevin Hayden

Source: Michael Snyder via BlackListed News

As the mainstream media continues to be obsessed with Anthony Weiner and his bizarre adventures on Twitter, much more serious events are happening around the world that are getting very little attention.  In America today, if the mainstream media does not cover something it is almost as if it never happened. Right now, the worst nuclear disaster in human history continues to unfold in Japan , U.S. nuclear facilities are being threatened by flood waters, the U.S. military is bombing Yemen, gigantic cracks in the earth are appearing all over the globe and the largest wildfire in Arizona history is causing immense devastation.  But Anthony Weiner, Bristol Palin and Miss USA are what the mainstream media want to tell us about and most Americans are buying it.

TruthisTreason.net – Kevin Hayden

Source: Brandon Smith – Alt-Market.com

Also see my older article: Get Out of the Dollar and Into Tangibles

The concept of private barter and alternative economies has been so far removed from our daily existence here in America that the very idea of participating in commerce without the use of dollars or without the inclusion of corporate chains seems almost outlandish to many people. However, the fact remains that up until very recently (perhaps the last three to four decades) barter and independent trade was commonplace in this country. Without it, many families could not have survived.

Whether we like it or not, such economic methods will be making a return very soon, especially in the face of a plunging dollar, inflating wholesale prices, erratic investment markets, and unsustainable national debts. It is inevitable; financial collapse of the mainstream system ALWAYS leads to secondary markets and individual barter. We can wait until we are already in the midst of collapse and weighted with desperation before we take action to better our circumstances, or, we can prepare now for what we already know is coming....

TruthisTreason.net – Kevin Hayden

I am pleased – and slightly disappointed and astonished – to announce the May Monthly Contest Winner!  Why am I disappointed?  Well, having offered free silver bullion as a prize, along with free non-GMO, heirloom seeds, I thought I would have received more entries.  I thought ya’ll were creative!?  What happened, readers?

I received one entry.  ONE.

And so, by default, the winner is ‘Emery‘ – a long-time reader and commenter here on the website.  She submitted this photo and is now the proud, new owner of a 1 oz. silver bar!

See how easy that was?  I am looking forward to the flood of photos I will be expecting for the June Contest.  Same rules apply and can be found here -

Good luck!...

TruthisTreason.net – Kevin Hayden

TruthisTreason.net – Kevin Hayden

Source: Cryptogon

Ultimately, victory will mean that Afghanistan becomes pacified in a manner that facilities effortless corporate rape. The purpose of the U.S. military is to tie the victim down. Then, the people in the suits step into the room… J.P. Morgan bankers, who just happen to be former British SAS members, are working with the U.S. military and its puppet Afghan regime to set up mining operations throughout Afghanistan.

If any article belongs at the top of your Must Read pile, this is it.

Via: Fortune/CNN:

To Hannam, chairman of J.P. Morgan Capital Markets, Afghanistan represents a gigantic, untapped opportunity — one of the last great natural-resource frontiers. Landlocked and pinioned by imperial invaders, Afghanistan has been cursed by its geography for thousands of years. Now, for the first time, Hannam believes, that geography could be an asset. The two most resource-starved nations on the planet, China and India, sit next door to Afghanistan, where, according to Pentagon estimates, minerals worth nearly $1 trillion lie buried. True, there is a war under way. And it’s unclear how the death of Osama bin Laden will impact the country’s political and economic environment....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

Just like yesterday and the day before, 6:30pm is now the official precious metal “bang the afterhours” launch time. As we predicted minutes ago, silver just got taken to the cleaners on what is now an apparent attempt to push silver around in the no volume part of after hours trading, in the 6-7 pm no man’s land. We expect an imminent rebound after this latest attempt to trigger stop losses, probably those around $40, fails. If it succeeds in pushing silver below $40 it is very possible that the metal can promptly trade down to the mid $30s as a result.

Hayden’s Disclosure:

I have silver holdings and while I am not recommending, advising or otherwise – If silver drops below $30, you can bet the house that I’ll be buying plenty of it in physical holdings.  Just an FYI.

It seems as though several SLV holders – Bank of America, JP Morgan, MS, and others – need silver to drop dramatically so that they can get out of their short contracts....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

Nobody could have foreseen this. Nobody. In other news, Ben Bernanke has just ordered an extra absorbent set of Huggies.

Silver price is at 31-year high.

Time for some force majeure announcements from the TBTFs....